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Finance

Shinhan Financial Group Co., Ltd.

  • 44,150.00 KRW
  • +350.00
  • +0.80%
  • South Korea
    Jun 21, 2018
  • Ticker
    KRX(055550)
  • Prev. close
    43,800
  • Market cap (KRW)
    20,769.94B
  • Market cap (USD)
    18,670.44M
  • Shares
    474.19M

Company Background

Shinhan Financial Group is a South Korean financial holding company engaged in the management of subsidiaries, including commercial banking unit Shinhan Bank, regional bank Jeju Bank, credit card company Shinhan Card, securities unit Shinhan Investment and Shinhan Life Insurance. Shinhan Financial, one of the country's four biggest financial groups, has a capital and business tie-up with French bank BNP Paribas, a major shareholder of the Korean group.

Shinhan Bank was founded in 1982 with capital from Korean residents in Japan. In 2001, it formed a holding company, Shinhan Financial Group. The group has expanded by acquiring Chohung Bank; LG Card, the predecessor of Shinhan Card; and other financial entities. It now has total assets of over 300 trillion won on a consolidated basis.

In 2001, Shinhan Financial signed a comprehensive partnership agreement with BNP Paribas, under which the two companies set up a joint venture on asset management in South Korea. The group is also strengthening its overseas presence, bolstering its operating bases in Japan, the U.S. and European countries as well as in China, Vietnam and Kazakhstan -- regions in which South Korean companies are operating.

Shinhan Financial has had the largest market capitalization among South Korean financial holding companies for many years and has a reputation as a financially healthy company with solid growth potential. Although South Korea's banking industry is often affected by government policy, it is widely believed that the group's management remains relatively immune from such influence.

Business Summary

Shinhan Financial Group Co., Ltd. engages in the provision of management and financial support services to its subsidiaries. The company was founded on September 1, 2001 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2017 KRWUSD
Revenue21,846.53B19,324.49M
Gross Profit----
Operating income4,065.39B3,596.06M
Income before tax3,796.25B3,358.00M
Net income2,900.05B2,565.26M
EBITDA----
Diluted EPS6,1165.40
Dividends Per Share1,4501.28
Total Assets426,305.65B398,211.79M
Total liabilities393,027.04B367,126.26M
Total equity32,395.21B30,260.34M
Operating cash flow11,465.38B10,141.77M
Currency in KRWCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 22,006.67B 21,745.00B 20,947.80B 21,501.18B 21,846.53B
Gross Profit -- -- -- -- --
Operating income 3,226.87B 3,138.79B 3,583.28B 3,556.74B 4,065.39B
Income before tax 2,674.84B 2,836.99B 3,119.60B 3,160.47B 3,796.25B
Net income 1,872.86B 2,051.17B 2,332.68B 2,738.68B 2,900.05B
EBITDA -- -- -- -- --
Diluted EPS 3,859.19 4,226.60 4,806.68 5,775 6,116
Dividends Per Share 650 950 1,200 1,450 1,450
Total Assets 311,296.84B 338,021.80B 370,539.62B 395,680.32B 426,305.65B
Total liabilities 281,974.62B 308,044.33B 339,466.88B 364,433.66B 393,027.04B
Total equity 27,005.23B 28,646.65B 30,102.75B 30,611.38B 32,395.21B
Operating cash flow 3,362.36B 5,825.06B 4,969.69B -873,701M 11,465.38B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 20,101.78M 20,657.23M 18,508.33M 18,532.47M 19,324.49M
Gross Profit -- -- -- -- --
Operating income 2,947.55M 2,981.78M 3,165.99M 3,065.65M 3,596.06M
Income before tax 2,443.31M 2,695.07M 2,756.31M 2,724.10M 3,358.00M
Net income 1,710.75M 1,948.56M 2,061.03M 2,360.55M 2,565.26M
EBITDA -- -- -- -- --
Diluted EPS 3.52 4.01 4.24 4.97 5.40
Dividends Per Share 0.59 0.90 1.06 1.24 1.28
Total Assets 294,970.24M 307,530.17M 316,011.77M 327,604.15M 398,211.79M
Total liabilities 267,185.89M 280,256.85M 289,511.63M 301,733.42M 367,126.26M
Total equity 25,588.88M 26,062.55M 25,672.89M 25,344.74M 30,260.34M
Operating cash flow 3,071.31M 5,533.67M 4,390.95M -753.06M 10,141.77M

Valuation Measures

Dec 2017
PER8.07
ROA0.70%
ROE9.20%
Operating margin18.60%
Profit margin13.27%

Key executives

  • Co-Chairman & Chief Executive Officer: Yong-Byoung Cho
  • Managing Director & Compliance Officer: Woo-Gyun Park
  • Vice President: Young-Jin Lim

Shareholders

  • National Pension Service of Korea (9.5%)
  • Shinhan Financial Group Co., Ltd. ESOA (4.7%)
  • BNP Paribas SA (3.5%)
  • Government of Singapore (2.2%)
  • The Vanguard Group, Inc. (2.0%)
  • BlackRock Fund Advisors (2.0%)
  • Lazard Asset Management LLC (1.6%)
  • Genesis Investment Management LLP (1.6%)
  • Norges Bank Investment Management (1.3%)
  • Mizuho Financial Group, Inc. (1.2%)

Contact Details

Related Companies

  • Shinhan Serveone 1 Co., Ltd.
  • Shinhan Future's Lab Co. Ltd.
  • Shinhan Card 2017-3 Asset Securitisation Specialty Co Ltd.
  • Shinhan Bank Co. Ltd. (Sydney Branch)
  • Banco Shinhan de Mexico SA
  • Shinhan Bank Co. Ltd. (United Arab Emirates)
  • Shinhan Bank Kazakhstan JSC
  • Shinhan Bank India
  • Shinhan Bank Canada
  • Shinhan Bank (China) Ltd.
  • Shinhan Mortgage First International Ltd.
  • Shinhan Mortgage Second International Ltd.
  • Shinhan Investment Asia Ltd.
  • Shinhan Savings Bank
  • Shinhan Bank Europe GmbH
  • Shinhan Financial Investment Co., Ltd.
  • Samsung Shinhan Frontier 8th Asset Securitization Specialty Co
  • Work & Joy 2007-1 ABS Specialty Co. Ltd.
  • Work & Joy 2004-1 ABS Specialty Co., Ltd.
  • Shinhan Mortgate 2st Securitization Specialty LLC
  • Shinhan Mortgage 1st Securitization Specialty LLC
  • Shinhan Card 2008 Trust
  • Shinhan 8th Securitization Specialty LLC
  • Neo DWC ABS Specialty Co., Ltd.
  • Neo DWC 3rd ABS Specialty
  • Neo DWC 2nd ABS Specialty Co., Ltd.
  • KAMCO Value Recreation 6th Securitization Specialty LLC
  • I- Clover ABS Specialty Co., Ltd.
  • Han-il U&I Abs Specialty Co., Ltd.
  • Good Invest 2nd Securitization Specialty Co., Ltd.

Competitors

  • Citigroup Inc.
  • Industrial Bank Of Korea
  • Standard Chartered PLC
  • Kakao Corp.
  • NAVER Corp.
  • Samsung Electronics Co., Ltd.
  • Eugene Investment & Securities Co., Ltd.
  • OP Bancorp
Last Updated on 21 Jun, 2018

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